2020 Muskoka ‘Big Lakes’ Cottage Real Estate Market
*This analysis looks at data from January 1st 2020 to January 1st 2021 percentages are reflected over this time span*
Thank you for checking out the year in review looking into the ‘Big Lakes’ in Muskoka! It was a record breaking year in the real estate market. Muskoka cottage market continues to be a stellar investment. Since the beginning of 2020 the market has shifted and changed drastically from the impacts of the year’s events.
The market began optimistically in 2020, but nothing could have affected the values and market more than the uncertainty of COVID-19. The shift from a mostly balanced market on the waterfront the past 10 years quickly transitioned into the strongest sellers market in history. With unit sales up 54.4% in 2020 the average sale price has gone up 23.7% to $2,337,783. The number of days to sell is 53 days and the fewest days on market for 2020 were in Q4 at 46 days to sell.
The sale price to list price ratio for 2020 was up 1.2% to 97.5%. These are record breaking numbers for the Muskoka cottage market. Incredible to see this happening in the area, great news for owners and investors in the area.
We hope this information is useful to you.
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Data based on the following:
Muskoka Waterfront Cottages — Lake Rosseau and Lake Joseph Cottages in Seguin Township
Excludes residential, vacant land, condo and commercial properties
The following statistics are only for the larger lakes in Muskoka and Seguin Township. These include the following: Lake Joseph, Lake Rosseau, Lake Muskoka, Skeleton Lake, Lake of Bays, Fairy Lake, Lake Vernon, Peninsula Lake and Mary Lake.